GBTC, ETHE, BTC, and ETH (collectively the "Funds"), exchange traded products, are not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore are not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. The Funds are subject to significant risk and an investor may lose all their money. The Funds are subject to heightened volatility and are not suitable for all investors. An investment in the Funds is not a direct investment in Ether or Bitcoin.